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Business / Finance

Overview: oil corrected down to $67, Euro to $1,13

Forex Club 22.03.2019 at 13:26

The Price of oil (may futures Brent crude) on Friday 22 March to 15.55 MSCS were decreased relative to the previous close of 1.4% to 66,96 per barrel.

the Market of "black gold" has received a negative signal from forex where the dollar is quickly digested "softness" of the decisions of the Federal reserve and went on the offensive against the Euro, which again is testing a round support level at 1.13 on the dollar.

in addition, the pressure on the oil quotes have concerns about slowing global economic growth. However, the hopes for conservation in the second half of the restrictions on oil production by member countries of the OPEC agreement+ support the cost of "black gold".

meanwhile, the Polish oil company Orlen has agreed with Saudi Saudi Aramco Products Trading Company on the purchase of 800 thousand tons of oil supplies for six months – from may to October. While Saudi Aramco has pledged to buy the fuel oil of production of Orlen Lietuva.

the pair Euro-dollar is adjusted downwards by testing a round support level of 1.13, following the recent growth unexpectedly soft decisions fed. The Euro then rose to around 1,145 USD.

the Pressure on the European currency had data on the decrease from 51.9 to 51.3 composite index (PMI) of business activity in industry and services sectors in the Eurozone. Analysts had expected the index to 52 points.

in addition, the manufacturing PMI of Germany fell in March for the eighth consecutive month - to 44.7 points values Feb 47.6 points, which was a minimum of 79 months. Experts predicted indicator value at 48 points.

In summary, by 15.55 GMT, the Euro declined with the start of trading compared to the previous fixing on 0.6% to 1,1309 dollar.

Market, USA, dollar, oil, ruble, Forex club

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